Business Directories

StanChart wins top FX services award

Dubai, October 3, 2011

Standard Chartered has won the ‘Best FX Services in the Middle East’ award from EMEA Finance, a leading publication for the finance industry in the EMEA region.

The accolade that reflects the bank’s increased turnover in GCC foreign exchange volumes and continued innovation in the market, a statement said, adding that the bank has continuously quoted GCC FX prices through the inter-bank market, broker market, the E-platform and to all sales clients.

Standard Chartered operates the largest trading floor in the region with over 200 seats in its regional headquarters in the Dubai International Financial Centre.

Nafees Akbarali, regional head of Fixed Income, Currencies and Commodities and Global Head of G10 Rates Trading, Standard Chartered, said: “We have continued to support our clients by structuring tailor-made offerings across the various asset classes, and the trend of the Bank increasing monthly average turnover and growing our market share has continued through the years.”

“With deep market understanding and client relationships, we are ideally positioned to help our clients seize the opportunities available in this market,” Akbarali added. – TradeArabia News Service